NYSE:OWLT

Owlet - OWLT Stock Forecast, Price & News

$0.42

+0.04 (+10.49%)

(As of 02/2/2023 12:00 AM ET)

Add

Compare

Today's Range: $0.38
▼
$0.42
50-Day Range: $0.39
▼
$0.91
52-Week Range: $0.36
▼
$5.35

Volume: 950,482 shs
Average Volume: 345,774 shs
Market Capitalization: $48.40 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $2.38

Institutional Ownership

Owlet MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 463.6% Upside
$2.38 Price Target
Short Interest: Healthy
1.49% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.66) to ($0.28) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.15 out of 5 stars

Business Services Sector

152nd out of 324 stocks

Measuring & Controlling Devices, Not Elsewhere Classified Industry

6th out of 8 stocks

3.3

Analyst's Opinion

Consensus Rating
Owlet has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $2.38, Owlet has a forecasted upside of 463.6% from its current price of $0.42.
Amount of Analyst Coverage
Owlet has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.49% of the float of Owlet has been sold short.
Short Interest Ratio / Days to Cover
Owlet has a short interest ratio ("days to cover") of 8.6.
Change versus previous month
Short interest in Owlet has recently decreased by 7.83%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Owlet does not currently pay a dividend.
Dividend Growth
Owlet does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for OWLT.

0.6

News and Social Media Coverage

Search Interest
Only 2 people have searched for OWLT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
3 people have added Owlet to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Owlet insiders have not sold or bought any company stock.
Percentage Held by Insiders
30.10% of the stock of Owlet is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
40.63% of the stock of Owlet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Owlet are expected to grow in the coming year, from ($0.66) to ($0.28) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Owlet is -0.55, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Owlet is -0.55, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Owlet has a P/B Ratio of 0.86. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Owlet (NYSE:OWLT) Stock

Owlet, Inc. operates as a digital parenting platform in the United States. The company's platform focuses on giving real-time data and insights to parents. Its products include Smart Sock, a baby monitor to track an infant's oxygen levels, heart rates, and sleep trends; Dream Sock, an app to assist children for better sleep; Cam, a video streaming app to hear and see baby from anywhere; and Dream Lab, an interactive online platform that assists families in building healthy sleep habits. The company also offers Dream Duo, a monitoring system for baby's sleeping habits and includes wearable sock monitor, HD video, and digital sleep coach. Owlet, Inc. was founded in 2012 and is based in Lehi, Utah.

Receive OWLT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Owlet and its competitors with MarketBeat's FREE daily newsletter.

OWLT Stock News Headlines

December 22, 2022 | benzinga.com

Owlet Announces FDA Software-as-a-Medical Device Submission for Heart Rate and Oxygen Displays and Notifications

December 5, 2022 | technews.tmcnet.com

Owlet Receives Notice Regarding NYSE Continued Listing Standards

February 2, 2023 | Investing Trends (Ad)

The Biggest "Missing Ingredient" in the $7 Trillion EV Market

China has owned the graphite market for decades. But the U.S. just added graphite to a list of super-critical minerals... "essential for America's National Defense." Perfect timing for a "made in America" graphite company looking to mine, manufacture, and recycle graphite for the booming electric car market.

November 15, 2022 | finance.yahoo.com

Owlet Announces Third Quarter 2022 Financial Results

November 15, 2022 | seekingalpha.com

Owlet, Inc. (OWLT) Q3 2022 Earnings Call Transcript

November 12, 2022 | benzinga.com

OWLT ALERT: Levi & Korsinsky, LLP Announces an Investigation into the Fairness of Owlet's De-SPAC Merger

September 15, 2022 | nasdaq.com

Owlet (NYSE:OWLT) shareholders have endured a 73% loss from investing in the stock a year ago

September 10, 2022 | finance.yahoo.com

Owlet, Inc.'s (NYSE:OWLT) Path To Profitability

February 2, 2023 | Investing Trends (Ad)

The Biggest "Missing Ingredient" in the $7 Trillion EV Market

September 7, 2022 | benzinga.com

Owlet's Return On Capital Employed Overview

August 14, 2022 | finance.yahoo.com

Analysts Have Been Trimming Their Owlet, Inc. (NYSE:OWLT) Price Target After Its Latest Report

August 12, 2022 | seekingalpha.com

Owlet, Inc. (OWLT) CEO Kurt Workman on Q2 2022 Results - Earnings Call Transcript

August 11, 2022 | nz.finance.yahoo.com

Owlet Announces Second Quarter 2022 Financial Results

July 26, 2022 | finance.yahoo.com

Shareholders in Owlet (NYSE:OWLT) are in the red if they invested a year ago

July 26, 2022 | finance.yahoo.com

Shareholders in Owlet (NYSE:OWLT) are in the red if they invested a year ago

June 18, 2022 | apnews.com

Owlet to Participate in the 7th Annual Cowen FutureHealth Conference

June 14, 2022 | seekingalpha.com

Owlet, Inc.: A Turnaround Opportunity With Upcoming Bullish Catalysts

June 7, 2022 | finance.yahoo.com

Owlet, Inc. to be Added to the Russell 3000® and Russell Microcap® Indexes

May 21, 2022 | benzinga.com

Owlet (NYSE:OWLT), Analyst Ratings, Price Targets, Predictions

May 11, 2022 | ca.investing.com

Owlet, Inc. Reports In-Line Q1 EPS

May 11, 2022 | seekingalpha.com

Owlet, Inc. (OWLT) CEO Kurt Workman on Q1 2022 Results - Earnings Call Transcript

May 11, 2022 | nz.finance.yahoo.com

Owlet Announces First Quarter 2022 Financial Results

May 9, 2022 | finance.yahoo.com

Is Owlet, Inc. (NYSE:OWLT) Popular Amongst Insiders?

April 2, 2022 | finance.yahoo.com

Owlet, Inc.'s (NYSE:OWLT) Shift From Loss To Profit

March 10, 2022 | apnews.com

Owlet’s Award-Winning Dream Sock Now Available for Children Up to Age 5 with New Dream Sock Plus

March 7, 2022 | finance.yahoo.com

Owlet Announces Fourth Quarter and Fiscal Year 2021 Financial Results

February 16, 2022 | finance.yahoo.com

Investors in Owlet (NYSE:OWLT) have unfortunately lost 82% over the last year

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

Receive OWLT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Owlet and its competitors with MarketBeat's FREE daily newsletter.

OWLT Company Calendar

Last Earnings: 11/14/2022
Today: 2/02/2023
Next Earnings (Estimated): 3/06/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Measuring & controlling devices, not elsewhere classified
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NYSE:OWLT
CUSIP: N/A
CIK: 1816708
Web: www.sandbridgeacquisition.com
Phone: 844-334-5330
Fax: N/A
Employees: 200
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $2.38
High Stock Price Forecast: $4.00
Low Stock Price Forecast: $1.00
Forecasted Upside/Downside: +463.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.76)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-71,700,000.00
Net Margins: N/A
Pretax Margin: -153.30%
Return on Equity: -314.33%
Return on Assets: -78.08%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.02
Quick Ratio: 0.69

Sales & Book Value

Annual Sales: $54.73 million
Price / Sales: 0.88
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.49 per share
Price / Book: 0.86

Miscellaneous

Outstanding Shares: 114,852,000
Free Float: 80,282,000
Market Cap: $48.40 million
Optionable: Optionable
Beta: 1.43

Key Executives

Mr. Kurt Workman (Age 34)
Co-Founder, Pres, CEO & Director
Comp: $367.2k

Ms. Kathryn R. Scolnick (Age 54)
Chief Financial Officer
Comp: $462.05k

Mr. David Kizer
Chief Operating Officer

Mr. Nathaniel Yoo (Age 38)
Sr. VP & Chief Accounting Officer

Mr. Burc Sahinoglu
Chief Technology Officer

Mr. Albert Li
Chief Legal Officer & Corp. Sec.

Ms. Avril Murphy
Chief Revenue Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

OWLT Stock - Frequently Asked Questions

Should I buy or sell Owlet stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Owlet in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" OWLT shares.
View OWLT analyst ratings or view top-rated stocks.
What is Owlet's stock price forecast for 2023?: 4 analysts have issued 12-month target prices for Owlet's shares. Their OWLT share price forecasts range from $1.00 to $4.00. On average, they predict the company's stock price to reach $2.38 in the next year. This suggests a possible upside of 516.7% from the stock's current price.
View analysts price targets for OWLT or view top-rated stocks among Wall Street analysts.
How have OWLT shares performed in 2023?: Owlet's stock was trading at $0.5591 at the start of the year. Since then, OWLT shares have decreased by 31.1% and is now trading at $0.3851.
View the best growth stocks for 2023 here.
When is Owlet's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, March 6th 2023.
View our OWLT earnings forecast.
How were Owlet's earnings last quarter?: Owlet, Inc. (NYSE:OWLT) posted its quarterly earnings results on Monday, November, 14th. The company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by $0.03. The firm earned $17.40 million during the quarter.
What guidance has Owlet issued on next quarter's earnings?: Owlet updated its FY 2023 earnings guidance on Thursday, December, 15th. The company provided EPS guidance of for the period. The company issued revenue guidance of $77.97 million-$85.84 million, compared to the consensus revenue estimate of $143.42 million.

What is Owlet's stock symbol?: Owlet trades on the New York Stock Exchange (NYSE) under the ticker symbol "OWLT."
Who are Owlet's major shareholders?: Owlet's stock is owned by a variety of institutional and retail investors. Top institutional investors include Concourse Financial Group Securities Inc. (0.00%).
View institutional ownership trends.
How do I buy shares of Owlet?: Shares of OWLT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Owlet's stock price today?: One share of OWLT stock can currently be purchased for approximately $0.39.
How much money does Owlet make?: Owlet (NYSE:OWLT) has a market capitalization of $44.23 million and generates $75.80 million in revenue each year. The company earns $-71,700,000.00 in net income (profit) each year or ($0.76) on an earnings per share basis.
How many employees does Owlet have?: The company employs 200 workers across the globe.
How can I contact Owlet?: Owlet's mailing address is 1999 AVENUE OF THE STARS SUITE 2088, LOS ANGELES CA, 90067. The official website for the company is www.sandbridgeacquisition.com. The company can be reached via phone at 844-334-5330 or via email at info@sandbridgecap.com.

This page (NYSE:OWLT) was last updated on 2/2/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

Owlet - OWLT Stock Forecast, Price & News

Owlet MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Owlet (NYSE:OWLT) Stock

OWLT Stock News Headlines

OWLT Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

OWLT Stock - Frequently Asked Questions

Overall MarketRank^™